STOCK SCAN

Genus Power Infrastructures is engaged in manufacturing/providing metering and metering solutions and undertaking engineering, construction and contracts on turnkey basis. The company operates through power segment. After a small setback in Q2 due to after effects of GST, the company has bagged new orders and is reportedly doing exceedingly well in current quarter. Good visibility of earnings and prospects of user industry make the stock good buy for target price of `150.

Recommended earlier in this column, Pitti Laminations which manufactures and sells electrical steel laminations, motor cores, subassemblies, die-cast rotors, and press tools in India and internationally is expected to report excellent third quarter results. Spurt in volumes accompanied with price action foretells good tidings from the company. Buy for both short term gains and medium term target of `150.

I.G. Petrochemicals, flagship company of the Dhanuka Group, is one of the world’s largest Phthalic Anhydride (PAN) manufacturer. Phthalic Anhydride is used as an intermediate for the production of Plasticizers, Unsaturated Polyester Resins, Alkyd Resins & Polyols; and is used in a variety of application in both consumer durables to non consumer durables. PAN is used in manufacturing of PVC products. Recent acquisition of Maleic Anhydride (MA) business from Mysore Petro Chemicals (MPCL) as a going concern on a Slump Sale basis for lump sum consideration of `74.48 crores payable over 5 years will propel the company to much greater heights in its business. Buy on declines for target price of `1,300 in medium term.